News

Students could be entitled to a tax refund as they head back to university - October 2, 2017
News Article

Students who have been heading back to university in recent weeks could be entitled to a helpful tax refund, according to HM Revenue & Customs (HMRC). Those who worked through their summer holidays may have…Read more

Late payments damage the UK economy, research shows - October 2, 2017
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Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation…Read more

All change for the UK’s cash - October 2, 2017
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It’s all change when it comes to cash. Last month saw the introduction of a new £10 note and this month sees our last chance to spend the old round £1 coin. Following on from…Read more

Cricket club stumped by VAT dispute - October 2, 2017
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An Oxfordshire cricket club has been left having to stump up a hefty tax bill after losing a VAT dispute. Despite the common misconception that charitable organisations are exempt from VAT, Eynsham Cricket Club was…Read more

Admin takes up 120 days every year for UK small businesses - October 2, 2017
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Research published in September has found that 5.6 per cent of working time at small businesses in the UK is spent on back-office and admin tasks. This time could be worth as much as £33…Read more

The Finance Bill is back and little has changed - October 2, 2017
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Earlier this year the Government announced that a number of the controversial provisions within its Finance Bill would be dropped ahead of June’s snap general election to ensure an easy passage to Royal Assent. Making…Read more

Inaugural Autumn Budget date announced - October 2, 2017
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The Chancellor, Philip Hammond, has announced that the first Autumn Budget to take place since the set-piece statement’s move to the end of the year will be on Wednesday 22 November 2017. Mr Hammond announced…Read more

Self-employed workers may miss out on mortgages due to changes in delivery of SA302 forms - September 4, 2017
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Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with…Read more

Revenue’s crackdown on VAT evaders yields £3.4 billion from small and medium firms - September 4, 2017
News Article

New analysis of HM Revenue & Customs’ (HMRC’s) data has revealed that the department collected an additional £3.4 billion from small and medium-sized businesses in the tax year to April 2017.  Investigations in the 2016/17…Read more

HMRC launches new online forum to give small business owners direct tax advice - September 4, 2017
News Article

A new online forum has been launched by HM Revenue & Customs (HMRC) which has been designed to help company owners resolve simple issues related to starting and growing a company.  The new website provides…Read more